Digital Banking

Bank Aggregator
A bank aggregator is a service or a platform that consolidates information from multiple bank accounts into a single, unified interface, facilitating ease of access and management of finances.
E-Banking
E-Banking, also known as electronic banking or internet banking, enables customers to perform financial transactions over the internet through a secure and portable means, allowing for convenience and speed compared to traditional banking methods.
Electronic Banking
Electronic banking, also known as e-banking, is a method of banking in which customers conduct transactions through electronic means, typically via the internet. This system allows for a range of financial activities, such as transferring money, paying bills, checking account balances, and more, without the need to visit a physical bank branch.
Electronic Funds Transfer System (EFTS)
An Electronic Funds Transfer System (EFTS) is any electronic transmission system that moves funds from one institution to another as opposed to the physical exchange of some other medium such as paper checks.
Home Banking
Home banking, also known as e-banking or online banking, refers to the process of carrying out banking transactions via a home computer linked to a bank's system through the Internet. It offers users the convenience to manage banking activities like balance checking and fund transfers from home.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.